there are 3 members in the AOP , among them 2 are retiring and another 2 members are admitting . what are the consequences under imcometax act
Res. Sirs,
Assessee sold immovable property(res. flat) in fy 2011-12. long term Capital gains comes to 12 lakhs approx.He incurred a loss of Rs 4.75 lacs in intraday and short term equity and F&O Trading in fy 2011-12.
MY QUESTION IS
DOES THE INCOME TAX RULES PROVIDES FOR SET OFF OF SHORT TERM LOSS IN EQUITY AND F&O TRADING AGAINST LONG TERM GAIN IN IMMOVABLE PROPERY IN THE SAME FY?
I am asking about set off in the same fy because the return is going to be filed belatedly and I am aware that the losses can't be carried forward now at this stage.
please reply quickly
thanks in advance
I have joined articleship on 10-10-2012 now i m taking transfer on 8-10-2013.
my question is if now i do join articleship after 2 month gap period (ie in Dec.2013) , will i be eligible for may 2015 final exams?
Sir/Madam,
can you tell me firm names which offers exposure in Statutory ,Internal ,Tax audit, etc and right now there will be vacancy.
Can a private limited company give it's properties as gift to it's board of directors if the company is a closely held registered private limited company?
I am in retail trading business with a turnover around 25 lacs per year.
My firm is partnership firm.
I am not declaring my income 8% of gross receipts.
So please let me know Sec 44AD & audit is applicable for me or not.
Regards
Amit Kumar
delhi009@yahoo.co.in
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